Regions Southeast
215,000-SF Coral Gables Office Project Secures First Lease
Oct 7, 2008

Rockefeller Group Business Centers Inc. has become the first business to commit to space on the tenant roster at Ponce de Leon Towers, a 215,000-square-foot office project in Coral Gables, Fla. Rockefeller, a provider of staffed executive suites and offices, signed a long-term lease with developer The Allen Morris Co. for an entire 25,000-square-foot floor at the 16-story building. Ponce de Leon Towers will sit at 2801 Ponce de Leon Blvd., within the seven-acre, mixed-use Old Spanish Village development that is presently in the construction phase. Allen Morris plans to break ground on its premier office building early next year, with an anticipated completion date during the first quarter of 2011. Allen Morris relied on internal brokers to orchestrate the lease transaction, while the tenant turned to CB Richard Ellis for representation. Financial terms of the lease agreement have not been disclosed; however, space on the very top floor of Ponce de Leon Towers is being marketed at $42 per-square-foot, according to commercial real estate industry information provider LoopNet Inc.

 
Recent Southeast Headlines
Flagler Inks Tenant to 240,000-SF Lease at Florida Biz Park
Nov. 20, 2008
Flagler Development Group has signed paper products firm Lagasse Sweet to a 240,000-square-foot lease in a build-to-suit facility at Flagler Station, South Florida’s largest business park.
Miami Worldcenter City Commission OKs Zoning for 25-Acre Miami Worldcenter
Nov. 18, 2008
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Urdang Sells Pair of Atlanta-Area Business Centers for $48M
Nov. 14, 2008
Urdang, a unit of BNY Mellon Asset Management, has announced the $48 million sale of two business centers in suburban Atlanta to CCI-B Marietta L.L.C., a partnership formed by Capital Commercial Investments Inc. The properties total nearly 14 buildings on 48 acres and comprise 620,000 square feet of office, medical, retail and warehouse space.
Channelside Acquires The Place at Channelside in Tampa
Nov. 12, 2008
Cushman & Wakefield announced the sale of the majority of The Place at Channelside, a 245-unit condominium complex in Tampa, Fla.
Freddie Mac Funds $50M for Pair of Alabama M-F Properties
Nov. 11, 2008
The Dallas office of Holliday Fenoglio Fowler L.P. has secured a $50.78 million loan through Freddie Mac for the owners of two Alabama multi-family properties with a total of 792 units.